5505 N Willamette Blvd

    Portland, OR 97203
    • $1,098,900
    • STATUS: Active
    • ON SITE: 9 days
    • MLS #: 20443308
    UPDATED: 36 min ago
    $1,098,900
    • 11
      BEDS
    • N/A
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 4,254
      SQFT
    • $258
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2003
    County:

    School Information

    Middle School:

    Description

    Purpose-built investment property with zero vacancy in 14 years! This duplex built in 2003 by an architect with specific intention to create a cash flow, low maintenance, low vacancy investment property. Ideally located across the street from University of Portland and fully occupied as student housing. High priority was placed on creating a living space ideal for student living & designed for minimal maintenance. This is truly a hassle-free investment property with a great rental history.

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    Listing content is copyright © 2020 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than McKillion Real Estate Group | Premiere Property Group, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2020-06-01T23:59:10.81.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or McKillion Real Estate Group | Premiere Property Group, LLC and should be independently verified.
    www.mckillion.com/homes/106176866

    5505 N Willamette Blvd Portland, OR 97203

    • Price: $1,098,900
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 20443308
    11
    Beds
    5
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,254
    SQFT
    $258
    $/SQFT
    2003
    Built
    Neighborhood:
    141-Portland North
    County:
    Multnomah
    Area:
    141-Portland North
    Middle School:
    Astor
    Property Description
    Purpose-built investment property with zero vacancy in 14 years! This duplex built in 2003 by an architect with specific intention to create a cash flow, low maintenance, low vacancy investment property. Ideally located across the street from University of Portland and fully occupied as student housing. High priority was placed on creating a living space ideal for student living & designed for minimal maintenance. This is truly a hassle-free investment property with a great rental history.
    Exterior Features

    Exterior Description Vinyl Siding Lot Size 3000 To 4999 Sqft Parking Features Open Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement FinishedFull Basement Foundation Details Slab Heating Description Forced Air - 90% Hot Water Description Gas Unit Features DeckDishwasherRefrigeratorWasher/Dryer Unit Type1 Features DeckDishwasherRefrigeratorWasher/Dryer Unit Type1 Sq Ft 2054 Unit Type2 Features DeckDishwasherRefrigeratorWasher/Dryer Unit Type2 Sq Ft 2200

    Property Features

    Bank Owned YN No Capitalization Rate 5.62 Country Us Fuel Description Gas Gross Income Actual 75750 Gross Income Projected 78420 Gross Rent Multiplier 14.51 Net Income Actual 61786 Net Income Projected 65451 Occupancy Types Leased Operating Expenses Actual 13963 Operating Expenses Projected 12969 Property Condition New Construction Rent Includes Trash CollectionMaintenance Grounds Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage AttachedDeck Tax Amount 8328.91 Third Party Approval YN No Unit Type1 Rent 2925 Unit Type1 Units Total 1 Unit Type2 Rent 3430 Unit Type2 Units Total 1 Zoning R5

    Listing provided courtesy of Premiere Property Group, Llc.


    Listing content is copyright © 2020 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than McKillion Real Estate Group | Premiere Property Group, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2020-06-01T23:59:10.81.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or McKillion Real Estate Group | Premiere Property Group, LLC and should be independently verified.
     
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